This often made assumption is not born out in practice - look at recent examples TIL, CEN, SML...I'm struggling to think of one where the share price moved north after dual listing? Ryman are not seeking capital, best avoid the extra compliance costs etc.
This often made assumption is not born out in practice - look at recent examples TIL, CEN, SML...I'm struggling to think of one where the share price moved north after dual listing? Ryman are not seeking capital, best avoid the extra compliance costs etc.
Thanks for your comment Hector.
I'll take a look at the more recent companies that have dual listed, it's been a while since I reviewed.
Share Price moving North via a Share Split (with nothing to do with an ASX listing) is common from my past experiences.
And proving a great success getting Australian intos on board.
RYM having an even larger market cap than Ebo I would expect the same positive rerating.
s.
Dual listing is often a longer term strategy and usually associated with expansion of a business into Aust or other markets. If the dual listing doesn't "work" it's probably because the expanded business hasn't either.
1 year return for RYM 1.23%
SUM 13.35%
MET 19.24%
The Runt ARV 44.15%
ARV is not primarily a property development company like the other 3 so you can't make a direct comparison, also ARV is coming off a low baseline and it's basically a train carrying one carriage, compared to Rym which is pulling a hundred. Once Oceania lists you will then be able to make a direct comparison by comparing apples with apples.
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